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    The Largest CRE Database in the US with Over 1 Million Listings

    3820 E Bellefontaine Rd Hamilton, IN 46742

    Sponsored
    For Sale
    $349,900

    Service, Special Purpose - Hamilton, IN

    Lot size:
    0.28 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 26 at 12:06 am

    Property Features for 3820 E Bellefontaine Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Office
    Bathrooms
    2
    APN
    76-10-33-410-312.000-010
    Parking features
    Paved or Surfaced
    Interior features
    Other, 440 Volts, Overhead Door 1, Delivery Door, Office Space
    Exterior features
    440 Volts, Loading Dock 1, Overhead Door 1, Delivery Door, Office Space
    Lot size
    0.28 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1987
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Tina Stuckey
    Tina Stuckey

    Mike Thomas Associates, Inc (260) 489-2000

    Listing agent Tina Stuckey (260) 489-2000 License #RB21000201

    Listing date Jan 31, 2026

    MLS# 202549881 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Laundry Business Opportunity

    This established industrial laundry service presents an investment opportunity with existing local business accounts and potential for growth. Located in Hamilton, Indiana, the commercial space offers the opportunity to expand services by adding a residential laundromat, addressing an unmet need in the area. The property is situated in a growing Hamilton community, with Hamilton Lake nearby, creating high demand during the summer months from seasonal residents and visitors. The 0.28-acre property is suited for an entrepreneur or investor looking to provide a valuable service to the community. The property offers the flexibility, location, and built-in customer base to realize your vision. The location is ideal for expansion of services and utilities to add a residential laundromat. The property is located in Steuben County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Steuben
    State
    Indiana
    Longitude
    -84.916047
    Latitude
    41.534401

    FAQs

    What type of property is this?
    Retail space - Industrial laundry service with potential for residential expansion in Hamilton.
    Where is this retail space located?
    The property is located at 3820 E Bellefontaine Rd Hamilton, IN.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Established industrial laundry business with existing commercial clients provides immediate income.; - Prime location in Hamilton creates high demand, especially during peak season due to proximity to Hamilton Lake.; - Ample space and utilities are in place to easily add a residential laundromat service.
    (260) 452-8556
    Request Owner's contact information
    3820 E Bellefontaine Rd Hamilton, IN 46742
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    Hamilton, IN 46742
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3820 E Bellefontaine Rd Hamilton, IN 46742
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    We can help!
    Listing Contact
    Tina Stuckey
    Tina Stuckey
    Real Estate License ID: RB21000201
    (260) 452-8556 (260) 490-1590 (260) 489-2000
    Learn more
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